What Did You Buy Today?

[Otter]

(10-25-2019, 09:43 AM)fenders53 Wrote:

(10-24-2019, 02:44 PM)Otter Wrote:

(10-23-2019, 12:02 PM)fenders53 Wrote: Started a position in LEVI today.  Smallest common stock I own and I have no retail at the moment.  Balance sheet looks pretty good.  DIV yield is well over 3%.  I've been patiently watching it since March IPO but everybody's hero Jim Cramer said to wait and get in later.  He was right this time.  It's starting to get upgrades from the brokerage houses so now seems like as good a time as any.  I'll probably add some more if the market dips.

I'm in KTB due to it being spun off from VFC. Yield was almost 7% at the time of the spinoff a few months back, but has slid down to 5.5% with the big run-up in price. Wrangler & Lee instead of Levi's

Wrangler and Levi's are consumer staples to me.  Neither brand is going away in the next recession.

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Yes, but just like the former parent-entity VFC, even the companies owning those top-tier brands take big share price hits during recessions. I haven't made any purchases of VFC since February, 2017, when it was in the midst of a mini-crash. P/E in the mid-20s isn't where I'm looking to add.